Invesco Emerging Markets Select Equity Fund30 November 2021

Invesco Funds Hotline: (852) 3191 8282 Invesco Distributors Hotline: (852) 3191 8000 Fax: (852) 3128 6500 Email: investorservices@invesco.com Website: www.invesco.com/hk

Important Information

2021

12-1

9501

53-A

PR

Prospectus andFinancial Reports

KFS of the fund

With effect from 10 December 2020, the Invesco Korean Equity Fund has been re-named the Invesco Emerging Markets Select Equity Fund, and the fund's Investment objective has changed. Effective 10December 2020, the reference benchmark changed from Korea Composite Stock Price Index to MSCI Emerging Markets Index. The Fund performance includes dividend/income reinvestment and that the benchmark is a price return index that does not include reinvestment of dividend/income. Derivatives and cash equivalentinstruments are excluded in the calculation of Top 10 holdings. Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details,including the risk factors and product features. This material has not been reviewed by the Securities and Futures Commission and is issued by Invesco Hong Kong Limited (景順投資管理有限公司).©2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is provided forreference purposes only. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Asset allocation data is derived by Morningstarusing full holdings data provided by Invesco. Morningstar Licensed Tools and Content powered by Interactive Data Managed Solutions.All data is as of the date of this document and sourced from Invesco unless otherwise stated.Portfolio weightings and allocations are subject to change. The weightings for each breakdown are rounded to the nearest tenth or hundredth of a percent; therefore, the aggregate weights for eachbreakdown may not equal 100%.*Source: Data as of the date of this document. Performance of the share class(es) and Morningstar rating are sourced from ©2021 Morningstar. Indexed performance: Performance of an investment of100 in share class currency. Index performance is sourced from Invesco. Morningstar rating (if applicable) is given to the share class as shown in the Indexed performance chart. Performance of the shareclass(es) is calculated based on NAV to NAV, gross income re-invested in share class currency.

Important Information

- The Fund invests primarily in equity or equity related securities with exposure to emerging markets.- Investors should note the emerging markets risk, liquidity risk, concentration risk of investing in equity or equity related securities with exposure to emerging markets, currency exchange risk, equities risk, volatility risk,

risk associated with investment in China, Stock Connect risk, RMB currency and conversion risks, PRC tax risk and general investment risk.- Financial derivative instruments (FDI) may be used for efficient portfolio management purposes or to hedge or reduce the overall risk of investments. Risks associated with FDI include counterparty/credit risk, liquidity

risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. Exposure to FDImay lead to a high risk of significant loss by the Fund.

- The value of the Fund can be volatile and could go down substantially.- Investors should not base their investment decision on this material alone.

Objectives and investment strategy

The objective of this Fund is to achieve long term capital growth by investing directly orindirectly in securities of emerging market companies or other entities or subsidiaries ofemerging market companies and securities listed or traded on the emerging marketsecurities markets.

Key facts

Fund manager Jeff FengShare class launch dateA (USD)-AD Shares 10/9/18Legal Status Luxembourg SICAV with UCITS statusShare class currency USDFund Size USD 43.38 mnInitial Charge (up to) 5.00%Annual Management Fee 1.5%Reference Benchmark MSCI Emerging Markets Index (Net Total Return)

References IVRSCode

Bloomberg code ISIN code

A(HKD)-Acc Shares 126 IVKOAHK LX LU1775957720A(USD)-AD Shares 106 IVKOAAD LX LU1775958025

Indexed performance (base 100)*

Invesco Emerging Markets Select Equity Fund (A (USD)-AD Shares) Benchmark

11/20 02/21 05/21 08/21 11/2160

70

80

90

100

110

120

Cumulative performance*

% YTD 1 year 3 years 5 yearsA (HKD)-Acc Shares -25.72 - - -A (USD)-AD Shares -26.13 - - -Benchmark -4.34 - - -

Calendar year performance*

2016 2017 2018 2019 2020- - - - 0.11- - - - 0.07- - - - -

The performance track-record of the Fund starts on 10 December 2020 due to the change in the objective of the fund on that date.The calendar year performance of 2020 of the above share class(es) only represent performance from 10 December 2020 to the lastday of that year, which is not a full year return

Distribution information(Aims to pay dividend on monthly/quarterly/semi-annual/ annual basis. Dividend is not guaranteed.)

Intendedfrequency Record date Amount/Share Annualized

dividend (%)A (USD)-AD Shares Annual 26/02/21 0.0000 0.00%Annualized dividend (%) = (Amount/Share X Frequency) ÷ Price on record date. Upon dividend distribution, the Fund's net asset valuemay fall on the ex-dividend date. For Frequency, Monthly = 12; Quarterly = 4; Semi-Annually = 2; Annually =1. All distributions belowUSD 50 will be automatically applied in the purchase of further shares of the same class. Positive distribution yield does not imply apositive return.

Holding (total holdings: 42)

Top 10 holdings %

Taiwan Semiconductor Manufacturing ADR 6.5Tencent 6.0Ping An Insurance Group Co of China 5.8China Isotope & Radiation 5.4Gree Electric Appliances Inc of Zhuhai 'A' 5.4China National Building Material 'H' 5.3Invesco US Dollar Liquidity 4.6Kweichow Moutai 'A' 3.7KE ADR 3.6Alibaba ADR 3.5

Geographical weightings %

China 46.4Taiwan 11.0Mexico 7.8India 5.9South Korea 5.5Russia 5.2Brazil 4.5Thailand 3.6Others 6.1Cash 4.1

Sector weightings %

Consumer Discretionary 23.4Communication Services 13.7Financials 13.0Information Technology 12.5Consumer Staples 12.4Health Care 7.2Materials 5.9Industrials 4.2Real Estate 3.6Cash 4.1